VanEck China Bond ETF (CBON) — Stock Correlations & Overview
Over the past year, CBON has moved most closely with EMLC, EBND, LEMB. Explore the stocks most correlated and inversely correlated with CBON below, along with its price, financials, and company profile.
Stocks correlated with CBON
Correlation of daily returns. Higher positive values move with CBON; negative values move opposite it. Informational only, not investment advice.
Most correlated with CBON
| Symbol | Company | Correlation |
|---|---|---|
| EMLC | VanEck J. P. Morgan EM Local Currency Bond ETF | 0.50 |
| EBND | State Street SPDR Bloomberg Emerging Markets Local Bond ETF | 0.48 |
| LEMB | iShares J.P. Morgan EM Local Currency Bond ETF | 0.46 |
| BWX | State Street SPDR Bloomberg International Treasury Bond ETF | 0.46 |
| EMBX | VanEck Emerging Markets Bond ETF | 0.45 |
Most inversely correlated with CBON
| Symbol | Company | Correlation |
|---|---|---|
| EUO | ProShares UltraShort EuroCOMMODITY CONTRACTS BROKERS & DEALERS | -0.43 |
| USDU | WisdomTree Bloomberg U.S. Dollar Bullish Fund | -0.39 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.38 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.38 |
| EPV | ProShares UltraShort FTSE Europe | -0.37 |
Frequently asked questions about CBON correlations
- Which stocks are most correlated with CBON?
- Based on one year of daily returns, the stocks most correlated with VanEck China Bond ETF (CBON) are EMLC (0.50), EBND (0.48) and LEMB (0.46). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with CBON?
- Over the past year, the stocks most inversely correlated with VanEck China Bond ETF (CBON) are EUO (-0.43), USDU (-0.39) and EFU (-0.38). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these CBON correlations calculated?
- We compute the correlation of daily returns between CBON and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.